Archegos Capital Founder Faces Fraud Charges

Bill Hwang, the founder of Archegos Capital Management, faces charges of fraud and market manipulation related to the collapse of his family office in 2021, which led to significant losses for banks and shareholders. Hwang's defense argues he was an aggressive trader investing in companies he believed in, while prosecutors claim he artificially inflated stock prices to deceive banks and traders. The trial, featuring expert witnesses and former insiders, delves into allegations of secretive strategies, misleading information about the portfolio, and borrowing practices. If convicted on all counts, Hwang could potentially face a lifetime in prison for securities fraud, wire fraud, conspiracy, racketeering, and market manipulation.